Melanie Marein-Efron Sells 5,700 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBNGet Free Report) CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the transaction, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. This represents a 33.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Urban Outfitters Stock Down 2.3%

Shares of NASDAQ:URBN opened at $77.58 on Thursday. The company’s 50-day moving average price is $75.33 and its 200 day moving average price is $71.39. The company has a market cap of $6.64 billion, a PE ratio of 12.10, a P/E/G ratio of 1.25 and a beta of 1.26. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $85.43.

Urban Outfitters (NASDAQ:URBNGet Free Report) last posted its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. Urban Outfitters’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 6.16 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley restated an “overweight” rating and issued a $90.00 target price on shares of Urban Outfitters in a research report on Thursday, August 27th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. BMO Capital Markets started coverage on shares of Urban Outfitters in a research note on Tuesday. They set a “market perform” rating and a $80.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Get Our Latest Stock Report on URBN

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently bought and sold shares of URBN. Eurizon Capital SGR S.p.A. acquired a new stake in Urban Outfitters during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. lifted its holdings in Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares during the last quarter. Allworth Financial LP bought a new stake in Urban Outfitters in the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC boosted its stake in Urban Outfitters by 566.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 374 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Urban Outfitters in the 4th quarter valued at $33,000. 77.61% of the stock is currently owned by institutional investors.

About Urban Outfitters

(Get Free Report)

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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Insider Buying and Selling by Quarter for Urban Outfitters (NASDAQ:URBN)

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